Withdrawal in Total Petroleum Inventory Despite a Crude Build Lifted Prices
[contextly_auto_sidebar] US crude oil stocks increased by 2.9 MMBbl. Gasoline and distillate inventories decreased 1.2 MMBbl and 3.9 MMBbl, respectively. Yesterday afternoon, API reported a crude oil build of 4.1 MMBbl alongside a gasoline draw of 5.9 MMBbl and a distillate draw of 4.0 MMBbl. Analysts were expecting a crude oil build of 2.4 MMBbl. […]
The Street Strikes Back: Oil & Gas Operators Shown No Mercy
October 9, 2019
The Week Ahead For Crude Oil, Gas and NGLs Markets – October 7, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted an increase of 3.1 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories decreased 0.2 MMBbl and 2.4 MMBbl, respectively. Total petroleum inventories decreased 0.9 MMBbl. US crude oil production decreased 100 MBbl/d, per EIA, while crude oil imports were down 0.9 MMBbl/d, […]
Don’t Get Left in the Cold, Use Enverus Trading & Risk’s PRT Solutions to Find Money-Making Opportunities
Long-term weather forecasts can hold invaluable guidance for energy traders and analysts, particularly as the hot summer days turn cooler in the fall. Or rather, when they are supposed to turn cooler. This time of year in regions throughout the Northern Hemisphere, it’s not unusual to experience temperatures that are warmer than in August. If […]
EIA Reports 9th Injection of 100+ Bcf for the Year
[contextly_auto_sidebar] Natural gas storage inventories increased 112 Bcf for the week ending September 27, according to the EIA’s weekly report. This is higher than the market expectation, which was an injection of 110 Bcf. Working gas storage inventories now sit at 3.317 Tcf, which is 465 Bcf above inventories from the same time last year […]
Weakness in Prices Continued With the Bearish Inventory Report
[contextly_auto_sidebar] US crude oil stocks increased by 3.1 MMBbl. Gasoline and distillate inventories decreased 0.2 MMBbl and 2.4 MMBbl, respectively. Yesterday afternoon, API reported a crude oil draw of 5.9 MMBbl, alongside a gasoline build of 2.1 MMBbl and a distillate draw of 1.7 MMBbl. Analysts, to the contrary, were expecting a crude oil build […]
U.S. Oil & Gas M&A Maintains Momentum in Q3 Despite Challenging Environment for E&Ps
October 2, 2019
The Week Ahead For Crude Oil, Gas and NGLs Markets – September 30, 2019
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories posted an increase of 2.4 MMBbl last week, according to the weekly EIA report. Gasoline inventories increased 0.5 MMBbl, while distillate inventories decreased 3.0 MMBbl. Total petroleum inventories increased 0.7 MMBbl. US crude oil production increased 100 MBbl/d, per EIA, while crude oil imports were down 0.7 MMBbl/d […]
Injection Tops Market Expectations, Gulf Coast Express Starts Service
[contextly_auto_sidebar] Injection Tops Market Expectations, Gulf Coast Express Starts Service Natural gas storage inventories increased 102 Bcf for the week ending September 20, according to the EIA’s weekly report. This is higher than the market expectation, which was an injection of 92 Bcf. Working gas storage inventories now sit at 3.205 Tcf, which is 444 […]
Inventory Build Pressure Prices Further
[contextly_auto_sidebar] US crude oil stocks increased by 2.4 MMBbl. Gasoline inventories increased 0.5 MMBbl and distillate inventories decreased 3.0 MMBbl. Yesterday afternoon, API reported a crude oil build of 1.4 MMBbl, alongside a gasoline build of 1.9 MMBbl and a distillate draw of 2.2 MMBbl. Analysts, to the contrary, were expecting a crude oil draw […]